Solana (SOL) Failure To Break $154 Could Lead To $85 Correction – Analyst

Solana (SOL) Failure To Break $154 Could Lead To $85 Correction – Analyst
Prominent altcoin Solana was one of the major headliners recently, notching an 8.22% gain in the last seven days, according to data from CoinMarketCap. This positive performance saw Solana climb as high as $150, a price mark last seen in late August. The sentiments around the fifth-largest cryptocurrency are largely bullish, however crypto analyst Ali Martinez has released certain cautionary notes for investors. Related Reading: Solana Liquid Staking Could Touch $18 Billion – Will It Benefit These Altcoins? Solana’s Price Breakout Crucial To Avoid Slip To $85 In an X post on Sunday, Ali Martinez noted that Solana is currently headed for major price resistance at the $154 price zone. The analyst warns the altcoin must not suffer a rejection at this price level to avoid a major price crash.  In the crypto market, price rejections at certain price marks occur for various reasons including historical evidence of resistance at said price level. According to Solana’s daily chart, the $154 price zone presents a strong resistance level stretching as far back as May. If a rejection occurs at this level, Solana c ..

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